XML 30 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Property and Equipment | 6 Months Ended
--- | ---
Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment | Note 6. Property and Equipment The following table sets forth the components of the Company’s property and equipment at June 30, 2024 and December 31, 2023:
Schedule of property and equipment, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |
Office furniture |  | $ | 14,998 |  |  | $ | 8,779 |  |  | $ | 6,219 |  |  | $ | 14,998 |  |  | $ | 7,823 |  |  | $ | 7,175 |
Vehicles |  |  | 36,432 |  |  |  | 36,432 |  |  |  | 0 |  |  |  | 36,432 |  |  |  | 33,396 |  |  |  | 3,036 |
Equipment |  |  | 942,880 |  |  |  | 504,962 |  |  |  | 437,918 |  |  |  | 942,880 |  |  |  | 435,260 |  |  |  | 507,620 |
Property |  |  | 17,000 |  |  |  | - |  |  |  | 17,000 |  |  |  | 17,000 |  |  |  | 0 |  |  |  | 17,000 |
Finance lease- Right of use assets |  |  | 3,579,544 |  |  |  | 1,970,796 |  |  |  | 1,608,748 |  |  |  | 3,579,544 |  |  |  | 1,484,324 |  |  |  | 2,095,220 |
Construction in process: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wash Plant Facilities |  |  | 5,279,190 |  |  |  | - |  |  |  | 5,279,190 |  |  |  | 3,344,968 |  |  |  | - |  |  |  | 3,344,968 |
Cavitation device |  |  | 72,201 |  |  |  | - |  |  |  | 72,201 |  |  |  | 72,201 |  |  |  | - |  |  |  | 72,201 |
Remediation Processing Unit 1 |  |  | 4,549,925 |  |  |  | - |  |  |  | 4,549,925 |  |  |  | 4,464,513 |  |  |  | - |  |  |  | 4,464,513 |
Remediation Processing Unit 2 |  |  | 8,785,484 |  |  |  | - |  |  |  | 8,785,484 |  |  |  | 8,187,425 |  |  |  | - |  |  |  | 8,187,425 |
Remediation Processing Unit System A |  |  | 2,906,315 |  |  |  | - |  |  |  | 2,906,315 |  |  |  | 2,795,391 |  |  |  | - |  |  |  | 2,795,391 |
Remediation Processing Unit System B |  |  | 2,906,315 |  |  |  | - |  |  |  | 2,906,315 |  |  |  | 2,795,391 |  |  |  | - |  |  |  | 2,795,391 |
WCCC Tank Expansion |  |  | 1,072,506 |  |  |  | - |  |  |  | 1,072,506 |  |  |  | 9,377 |  |  |  | - |  |  |  | 9,377 |
Total fixed assets |  | $ | 30,162,790 |  |  | $ | 2,520,969 |  |  | $ | 27,641,821 |  |  | $ | 26,260,120 |  |  | $ | 1,960,803 |  |  | $ | 24,299,317 |
For the six months ending June 30, 2024 and 2023, depreciation expense was $73,694 and $74,302. Equipment that is currently being manufactured is considered construction in process and is not depreciated until the equipment is placed into service. Equipment that is temporarily not in service is not depreciated until placed into service.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration